Section 13.60.070. General powers of custodial trustee.

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   (a) A custodial trustee, acting in a fiduciary capacity, has all the rights and powers over custodial trust property that an unmarried adult owner has over individually owned property, but a custodial trustee may exercise those rights and powers in a fiduciary capacity only.
   (b) This section does not relieve a custodial trustee from liability for a violation of AS 13.60.060.

Notes

History

(Sec. 1 ch 10 SLA 1994)

                    
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